The National Association of Realtors® released March home sales figures last week. Pending sales are up 21% nationwide. NAR Chief Economist Lawrence Yun says, “Nearly every market is seeing year over year gains. The only place that has seen declines are markets with a robust year last year.” Yun predicts the housing market will decline in July and August but says price stabilization has removed the consumer fear factor in the market and may help fall and winter sales. Listen to the full interview with Yun below.
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Video courtesy of The National Association of Realtors®